Royal Australian Mint releases 'donation dollar' coin

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bazza4338
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Royal Australian Mint releases 'donation dollar' coin

Post by bazza4338 »

https://www.abc.net.au/news/2020-09-02/mint-releases-special ... y/12621404

Royal Australian Mint releases 'donation dollar' coin designed to be given to charitable cause

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The Royal Australian Mint calls it the "donation dollar" — a specially made $1 coin that it hopes people will give away.

Key points:

About 25 million 'donation dollars' will be minted over the next three years
The coins are legal tender but Australians are urged to give them to people in need
Australian charities are expecting a donations shortfall during and after the COVID-19 pandemic

The Mint has begun pressing 25 million of the charitable coins — about one for every Australian — in a bid to boost the country's flagging levels of philanthropy.

The special coin has a green centre with a gold ripple design, symbolising the ongoing, positive repercussions that each donation can make.

It is also the first Australian $1 coin to feature a colour other than gold.

Mint chief executive Ross MacDiarmid said he wanted Australians to notice the distinctive design when they picked it up, and think about who most needed the dollar.

"Hopefully, they will look at the message that is being conveyed on that coin and they will look to donate it," he said.

That message is embossed around the green centre: "give to help others".

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The world-first initiative is backed by research that found most Australians — 57 per cent — said they would be likely to donate the coin if they found it in their change.

Mr MacDiarmid said the aim was to promote charity, even if that meant simply thinking about giving.

"What we are trying to do here is get people to stop and reflect," he said.

"If they did just that alone and thought about the idea of donating … that in itself would be an amazing outcome.

"If ever there was a time of need, this is that time."

The Mint is encouraging giving "in all forms" — whether that involves donating to a registered charity or collector, or simply handing the coin to a person in need.

The unique coin is legal tender — it can be used just like any other $1 coin — but it is not a collectable.

About 3.5 million have already been minted.

Charities expected to struggle amid coronavirus

Analysis by financial consultants JBWere suggests the COVID-19 pandemic and its economic effects will undermine the charity sector for years.

It predicts that, over the next two years, Australian not-for-profits will collect 18 per cent less income through donations.

The assistant federal minister responsible for charities, Zed Seselja, said the Mint's donation dollar was a "long-term idea" to remind Australians to donate if they were able to.

"This year we know there are many Australians doing it tough in the face of the COVID-19 pandemic, and Australia's 57,000 charities and not-for-profits have not been immune to these economic challenges," he said.

The Mint's latest annual report noted that the demand for coins in Australia had been in decline for years, as people increasingly used cards and phones to conduct transactions.

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Re: Royal Australian Mint releases 'donation dollar' coin

Post by Kennethsequeira »

bazza4338 wrote:
02 Sep 2020 18:46

The unique coin is legal tender — it can be used just like any other $1 coin — but it is not a collectable.
https://www.ebay.com/itm/Official-Coin-Toss-Vodafone-Boxing- ... 3263833926


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Re: Royal Australian Mint releases 'donation dollar' coin

Post by Global Administrator »

.
Smart idea. :)
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Re: Royal Australian Mint releases 'donation dollar' coin

Post by Allanswood »

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Yes... and haven't seen one yet.

Hardly anyone I know is actually using cash at the moment, except to grab an Aldi trolley.

Greg - Looking for Goulburn Australia Cancels and Grangemouth Scotland Cancels and Covers
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Re: Royal Australian Mint releases 'donation dollar' coin

Post by Global Administrator »

Allanswood wrote:
06 Feb 2021 22:19

Hardly anyone I know is actually using cash at the moment

I have a wonder solution - mail all those coins you cannot use to me and I PROMISE they will go to a GREAT cause.

I PROMISE. :lol: :lol: :lol: :lol:
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Re: Royal Australian Mint releases 'donation dollar' coin

Post by Lakatoi 4 »

Last time I handed over a note and got change was possibly six or more months ago. No need to use notes or change at all now so the cards get a caning :!:

Anyway, today I was down the local newsagent and of course left my wallet at home :roll:

Luckily I found an old $10 note I’d left in my pocket at some stage so paid for a couple of things and received one of these fancy donation dollar coins in the change. No idea what it was until I just saw this topic.
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Re: Royal Australian Mint releases 'donation dollar' coin

Post by Princestamps »

You guys don't know the right people. I have an Australian buddy in Perth and one in Queensland who regularly swap out everything with me.
Donation dollar
Donation dollar
Donation dollar obv
Donation dollar obv
I pretty much get every colour $2 coin as it emerges
$2 coins with coloured ones
$2 coins with coloured ones
Now he is inisisting I take one of his spare sets of Alphabet $ coins

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